Brian Venturo Sells 310,480 Shares of CoreWeave (NASDAQ:CRWV) Stock

Key Points

• Insider Brian Venturo sold 310,480 shares of CoreWeave (NASDAQ:CRWV) at an average price of $135.67, resulting in a total transaction of over $42 million.
• CoreWeave's stock price decreased by 2.3%, trading at $134.79, while it has shown a dramatic increase in revenue of 206.7% year-over-year despite missing earnings per share estimates.
• Recent analyst ratings show a majority of recommendations as Buy or Strong Buy with an average price target of $127.64, indicating positive sentiment among analysts.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Brian Venturo sold 310,480 shares of CoreWeave stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $135.67, for a total transaction of $42,122,821.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

CoreWeave Trading Down 2.3%

Shares of CRWV traded down $3.21 during trading hours on Friday, reaching $134.79. 23,336,546 shares of the company traded hands, compared to its average volume of 22,794,537. The firm has a fifty day moving average price of $111.53. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79. CoreWeave Inc. has a 12 month low of $33.51 and a 12 month high of $187.00.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The firm had revenue of $1.21 million for the quarter. The business's quarterly revenue was up 206.7% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Chelsea Counsel Co. purchased a new position in shares of CoreWeave during the second quarter valued at approximately $33,000. Archer Investment Corp purchased a new stake in CoreWeave during the second quarter valued at approximately $34,000. Chilton Capital Management LLC purchased a new stake in CoreWeave during the second quarter valued at approximately $39,000. TD Waterhouse Canada Inc. purchased a new stake in CoreWeave during the second quarter valued at approximately $47,000. Finally, Montag A & Associates Inc. purchased a new stake in CoreWeave during the second quarter valued at approximately $49,000.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of CoreWeave from $58.00 to $91.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Moffett Nathanson boosted their price objective on shares of CoreWeave from $56.00 to $65.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 19th. Evercore ISI assumed coverage on shares of CoreWeave in a research note on Tuesday. They set an "outperform" rating and a $175.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of CoreWeave in a research note on Wednesday, August 13th. Finally, Argus reaffirmed a "buy" rating and issued a $200.00 target price on shares of CoreWeave in a report on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $127.64.

About CoreWeave

CoreWeave, Inc engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.

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